Financial news on October 17, 2009
Business and Financial news
Efforts to stabilize the financial system also set the stage for financial titans to make fortunes in more lucrative areas than lending people money. Read more..
The third-quarter loss came as growing numbers of consumer loans soured and the bank paid millions of dollars to wean itself off government life support. Read more..
The troubled lender is changing the terms of its restructuring after investors were unhappy with the previous plan. Read more..
Wall Street lost ground after a bigger-than-expected loss at Bank of America and a weak report from General Electric. Read more..
The move indicates that a good deal of the shine has come off the fast-growing Russian retail market. Read more..
The trustee in the Bernard L. Madoff case said that other employees, who were not named in documents, handled the accounts of Madoff friends and family. Read more..
Employers are offering big incentives to steer workers into insurance plans that can save the company a lot of money, but what is the best fit for you? Read more..
The company of the home décor doyenne will allow its agreement with Kmart to lapse, just as it begins selling its products in Home Depot in January. Read more..
A judge initially refused bail for Frank DiPascali Jr., who has agreed to cooperate with the criminal investigation of the Ponzi scheme. Read more..
A lawyer chronicling the Depression in the ’30s concluded that the only proper course was to “use your own judgment and do your own thinking.” Read more..